Asian Latex Conference and India Rubber Summit & Dinner 2015 held
The Asian Latex Conference 2015 and India Rubber Summit & Dinner 2015, which were held between 10 – 12 September 2015, were hosted at the Crowne Plaza, Kochi, by Rubber Asia. The awards in recognition of outstanding contributions to different segments of the rubber industry were presented at a ceremony during the India Rubber Summit and Dinner 2015.
Continue ReadingJK Tyre acquires Kesoram subsidiary, tyre factory
The acquisition of tyre, tube and flap manufacturer Cavendish Industries Ltd. has been approved by the Board of Directors at JK Tyre & Industries. The Indian tyre maker is acquiring 100 per cent equity in Cavendish from Kesoram Industries Ltd. for just under Rs 22 billion (£214.6 million). According to JK Tyre, it and other JK Group companies will fund the acquisition by a combination of debt and internal accruals, and JK Tyre’s financial exposure is expected to be some Rs 4.5 billion (£43.9 million). The deal is expected to close in December 2015.
Continue ReadingApollo Tyres awarded at the Asian CSR Awards 2015
At an award ceremony held recently in Bangkok, Thailand, the Asian Forum on Corporate Social Responsibility (CSR) announced Apollo Tyres as the winner of the ASIAN CSR Awards 2015 under the Health Enhancement category. Apollo Tyres was chosen as the category winner from 134 entries from 12 Asian countries. Thailand’s former deputy prime minister, M R Pridiyathorn Devakula, presented the award to Sunam Sarkar, president and chief business officer at Apollo Tyres Ltd.
Continue ReadingContinental breaks ground on Sumter tyre factory expansion
Work has begun to expand Continental’s Sumter tyre factory in the USA. The company reports breaking ground on the project, and it is working to a timetable that will see plant production capacity rise from approximately four million units planned for 2016 to around eight million units by 2021. The Sumter workforce will rise in line with this capacity increase, growing from more than 700 (the plant is expected to employ around 800 by the end of this year) to some 1,600 employees. By the time this project is complete, Continental will have invested more than US$500 million into the Sumter plant.
Continue ReadingBridgestone opens ‘Global Disaster Prevention Center’
Bridgestone Corporation has established a new facility in order to better educate its employees on disasters and how to prevent them. The Global Disaster Prevention Center is located within the Bridgestone G-MEC Building in Tokyo, Japan, and Bridgestone is using it to conduct training to prepare for fire-related emergencies. The centre will be further expanded early in the next fiscal year to include training on natural disasters, and will draw upon lessons learned in Japan’s earthquake of 2011
Continue ReadingCITExpo opens at Everbright for final time, previews move to modern facility
The 2015 edition of the China International Tire Expo opened Wednesday in Shanghai, with around 350 exhibitors – the show’s most ever. The sustained growth represented by these numbers has led to the decision by organiser Reliable International Exhibition Services to transfer CITExpo to the Shanghai World Expo Exhibition and Convention Center (SWEECC), built in the centre of the 2010 Shanghai World Expo site. The show also boasts strong continuity, with around 80 per cent of 2014 exhibitors back in 2015, according to Reliable; in past years the organiser has come to expect a similar proportion of its customers booking their space for the following year during CITExpo.
Continue ReadingMarangoni and Al Shirawi enter into Dubai and UAE partnership
As of May 2015 Marangoni Spa entered into a partnership deal with Al Shirawi Enterprises that sees the latter become exclusive distributor for the Marangoni brand of industrial tyres in Dubai and the wider United Arab Emirates (UAE). During his recent visit to Dubai, Adam Dudas-Smith, export area manager for Marangoni Industrial Tyres, announced that Al Shirawi Enterprises had shown a big commitment to the Marangoni brand since taking on a non-exclusive dealership role for Dubai and UAE.
Continue ReadingZC Rubber: IDIADA tests ‘strong’
Compared with other international tyres, ZC Rubber reports that its Goodride Sport SA-37 has “obvious advantages”, especially in terms of wet braking test and with relation to the 225/45 R17 size.
Continue ReadingVredestein collaborates with DJ Hardwell Carmen Jordá
Vredestein has announced a collaboration between the tyre brand and DJ Hardwell, twice voted the worlds #1 DJ, together with Carmen Jordá, Spanish racing development driver. The unique track the partnership creates will be inspired by Carmen Jordá’s driving experience and will be based on technical tyre data offered by Vredestein tyres.
Continue ReadingBernstorff in GP3 Series win at Monza
British driver Emil Bernstorff took a hard-earned win in the Pirelli-supported GP3 Series when it appeared on the Formula One bill at last weekend’s Italian Grand Prix at Monza. The Arden International driver scored his third GP3 career victory after starting from fifth on the grid and fighting his way up through the order to pass ART Grand Prix and Mercedes junior driver Esteban Ocon on the penultimate lap in the first race.
Continue ReadingHeuver Tyrewholesale boosts stocks of Aeolus winter tyres
Heuver Tyrewholesale says that many companies normally only think about winter tyres in October. In the past, this would have been too late to guarantee availability. However, Heuver has boosted the number of Aeolus ASW80 (steer axle) and ADW80 (drive axle) winter tyres that it holds in stock. As a result, once customers place an order, they will normally receive their tyres the next day, thanks to ample stocks at Heuver’s distribution centres in the Netherlands, Germany and France.
Continue ReadingHigh growth forecast for carbon black market
Two recent reports are predicting increased use of carbon black in different industries over the next few years. BCC Research forecasts in its new report that carbon black is expected to show a five-year compound annual growth rate (CAGR) of 4.2 per cent from 2014-2019, leading to a global market size of US$36 bln in the end year.
Continue ReadingRosneft and ChemChina sign cooperation agreement
Rosneft and China National Chemical Corporation (ChemChina) signed a Heads of Agreement on cooperation in equity investment in ChemChina Petrochemical Corporation (CCPC) and a Memorandum of Understanding for cooperation on the project of the Far-East Petrochemical Company (FEPCO).
Continue ReadingMarcotran Signs Pan-European Goodyear FleetFirst Contract
Spanish logistics group Marcotran has signed a FleetFirst agreement with Goodyear for the supply of new and retread tyres as well as trans-European full tyre management. According to the company, the decision to trust Goodyear´s truck tyre management was based on the successful experience with Goodyear fuel-efficient Fuelmax tyres and the comprehensive solutions package including FleetOnlineSolutions (FOS) and eJob of FleetFirst.
Continue ReadingRegulator approves ChemChina/Pirelli offers
Marco Polo Industrial Holding S.p.A. , which is indirectly by China National Chemical Corporation (ChemChina), through China National Tire & Rubber Co., Ltd., has confirmed that the regulator (Consob) has approved the firms offer document related to the mandatory tender offer of the ordinary shares of Pirelli & C. S.p.A. listed on the Electronic Stock Market and the voluntary tender offer launched by the same firms.
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